The Auditor General proposes to enhance and extend the underlying principles for those carrying out work on his behalf. The proposals are included in the Code of Audit Practice document and emphasis is put on the high standards of quality audit. The document has been developed to complement International Standards on Auditing and embody what appears to be best professional practice.

Local councils in Wales are managing increasing sums of public money and assets, and  in order for councils to manage these effectively, they need to improve the governance and  financial management arrangements they have in place. This is the overall conclusion of the Auditor General’s report on Financial Management and Governance in Local Councils 

This is the sixth annual report published by the Auditor General for Wales which looks at the financial management and governance of over 730 town and community councils across Wales.